Air Berlin cuts share price in IPO delay

Air Berlin late Thursday delayed the launch of its IPO, scheduled for Friday, owing to the market's concern over the share price, according to press reports. AB reportedly was asking for €15-€17.5 ($19-$22.10) per share. The IPO now is planned for May 10 with 42.5 million shares priced at €11.5-€14.5, with AB hoping to generate €489-€616 million.